HB 4224 Summary

• Changes terminology throughout Michigan's Insurance Code from "commissioner" to "director" to reflect organizational title changes in the insurance regulatory department.

• Eliminates the $25.00 annual filing fee for foreign and alien insurers' annual statements required under MCL 500.240(1)(b), effective on the bill's enactment date.

• Updates language in automobile insurance statutes (sections 3101a, 3111-3115, 3163, 3172-3177) by replacing outdated terms like "agent" with "producer" and updating statutory references and procedural language.

• Clarifies liability limits for out-of-state residents claiming personal protection insurance benefits, reducing the cap from $500,000.00 to $275,000.00 for those not covered under Michigan policies.

• Updates procedures for the Michigan automobile insurance placement facility's assigned claims plan, including revised claim review, assignment, and dispute resolution processes.